12, PEERS SQUARE, CHELMSFORD, CM2 6XP - £845,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 PEERS SQUARE is a very large detached house of 208m², built sometime between 1996 and 2002, which could now be worth an estimated £812,009. It was last sold for £845,000 in October 2022, which was around 22% above the average October 2022 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was C.

12 PEERS SQUARE Sold Prices

Land registry data shows three sales for 12 PEERS SQUARE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. All of the three 12 PEERS SQUARE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 24 OCT	£845,000	£694,883	22% above HPI
2014 17 JUL	£600,000	£437,882	37% above HPI
2001 30 MAY	£387,950	£201,013	93% above HPI

12 PEERS SQUARE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chelmsford local authority area over time, sourced from the HPI. The three 12 PEERS SQUARE sales between May 2001 and October 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2014 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the October 2022 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 12 PEERS SQUARE be worth now?

12 PEERS SQUARE might now be worth an estimated £812,009.

This is based on house price deflation of 3.9%, between October 2022 and December 2024, for detached houses, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.9% deflationary decrease is applied to the most recent sale price for 12 PEERS SQUARE of £845,000 on 24th October 2022. For the value to have decreased from £845,000 to £812,009 over the one year and ten months to December 2024, the following assumptions must hold true:

• The value of 12 PEERS SQUARE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The October 2022 sale price of £845,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PEERS SQUARE has not materially changed since October 2022.

How Large is 12 PEERS SQUARE?

12 PEERS SQUARE is 208m² according to the EPC inspection conducted in February 2014. This puts it in the largest 10% of detached houses houses in Chelmsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chelmsford, and where 12 PEERS SQUARE lies on this distribution: 92% of detached houses houses are smaller than 12 PEERS SQUARE, and 7% of houses are larger. Note that EPC data is not available for all properties in Chelmsford.

12 PEERS SQUARE: Plot and Title Map

12 PEERS SQUARE sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 12 PEERS SQUARE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 12 PEERS SQUARE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 12 PEERS SQUARE?

12 PEERS SQUARE is located in CHELMSFORD, in the CM2 postcode district. The below map shows the position of No. 12 on PEERS SQUARE.